North Carolina lawmakers have introduced a new bill intended to allow the State Treasurer to invest in what are termed “qualifying digital assets.” The proposed legislation, known as the "Digital Assets Investments Act," seeks to diversify the state's investment portfolio by including Bitcoin exchange-traded products (ETPs).

Filed as HB92 by North Carolina Speaker of the House Destin Hall, the bill outlines criteria for the digital assets eligible for investment, specifying that they must have a minimum average market capitalization of $750 billion over the past year. Currently, only Bitcoin meets this threshold.

Co-sponsored by Representatives Stephen Ross, Mark Brody, and Mike Schietzelt, the bill also limits investments, stipulating that no more than 10% of the fund's balance can be allocated to these crypto assets.

In a statement , Hall emphasized the potential for digital asset investments to yield positive returns for the state, positioning North Carolina as a forward-thinking entity in technological innovation.

The introduction of this bill aligns with a growing trend among U.S. states, as over a dozen others, including Texas, Pennsylvania, Ohio, and Oklahoma, have also proposed similar legislation exploring the establishment of Bitcoin reserves.

This movement has gained momentum thanks to the pro-crypto sentiment expressed by President Donald Trump, who advocated for a national Bitcoin stockpile.

As of the latest reports, Bitcoin has seen a 1.1% increase in value within the past 24 hours, trading at approximately $98,351. The developments in North Carolina reflect a broader interest in crypto as a viable investment option at the state level.